It seems, in this world, there are two types of CIOs. The first does quite well financially depending on the size and nature of his or her enterprise, oftentimes, taking home a decent salary, and perhaps receiving a bonus or some shares of stock.
Then there are the CIOs who live the high life. They have a seat at the corporate table next to the CEO, the CFO and other top executives, and they take home very big bucks. CIO.com has complied a list of the top-tier technology leaders and what they made in 2007, based on public records filed with the Securities and Exchange Commission. At the top of the chart was Barbara Desoer, who received $10.5 million in total compensation as global technology and operations executive at Bank of America. Glen Salow, of Ameriprise Financial, ranked second, pulling down $7 million. Robert Carter of FedEx had $5.4 million in compensation, followed by Tim Shack of PNC Financial Services Group and Mark Boxer of Wellpoint with $4.8 million each. Not a bad year's work, if you can get it.
For more on the millionaire's club:
- see this CIO.com article [1]
Links:
[1] http://www.cio.com/article/415663/Meet_the_Millionaire_CIOs/1